This property looks like a bad Mid-Term investment with a projected -0.3% first-year return on $84,066 initial cash invested.
-0.3%
Cash On Cash
6.78%
Cap Rate
1.06
DSCR
$3,094
Rent
-$21
Cashflow
Cash Flow
$3,094 income − $3,115 expenses = $21 out of pocket
Investment Breakdown
|
Purchase Price
$315k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,066
Downpayment
20%
$62,920
Closing costs
1%
$3,146
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$3,094
Total Expenses
$3,115
Mortgage P&I
54%
$1,674
Property Taxes
9%
$277
Home Insurance
4%
$112
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340